No matter who wins the presidential election, proposals to significantly reform the nation’s mortgage finance system to replace Fannie Mae and Freddie Mac will still struggle to find consensus in Congress and among industry stakeholders.

America’s largest generation is in no rush to own a home. Meanwhile, they are renting in pricey places like Brooklyn, where there’s little chance to save for down payments. The bottom line is they seem hard-pressed to reach the homeownership levels of prior generations.

For more than a year investors have been taking money out of global convertible funds after loading up the prior 2 1/2 years. A few of those who pulled out money could be having regrets, given that this asset class rebounded to higher levels after the turmoil in the bond and equities markets earlier this year and again in the aftermath of Brexit.